President Trump's new tariffs trigger a global market meltdown, with major indexes plummeting and experts warning of dire consequences. Protests erupt worldwide.
Following President Donald Trump's announcement of wide-ranging tariffs, global stock markets experienced a significant downturn. Futures dropped sharply, with the Dow Jones Industrial Average futures down 4.1 percent, S&P 500 futures down 4.6 percent, and Nasdaq 100 futures down 5.3 percent. The Nikkei 225 in Japan also dropped nearly 8 percent. Trump defended his policies, claiming they would bring billions of dollars into the U.S. and address trade deficits. Cabinet members struggled to explain the administration's economic strategy, while Trump himself dismissed concerns about market drops, comparing the situation to taking 'medicine' to fix a problem. The market losses were substantial, totaling a record-breaking $6.4 trillion over two days. Protests against Trump's policies, along with those of Elon Musk, took place across the U.S. and internationally.
